Difference between revisions of "First 2 Hour Channel"

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(Created page with "Article/Author: Omega research Inc., 1997 '''Description''': This simple trading system trades depending on market price of first 2 hours of previous day. '''Inputs''': ...")
 
 
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IF TIME > ENDCH AND DATE = DATE TOMORROW THEN SELL NEXT BAR AT CL STOP;
 
IF TIME > ENDCH AND DATE = DATE TOMORROW THEN SELL NEXT BAR AT CL STOP;
 
</SYNTAXHIGHLIGHT>
 
</SYNTAXHIGHLIGHT>
[[Category: Signals]]
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[[Category: Additional Signals]]

Latest revision as of 17:48, 16 October 2013

Article/Author: Omega research Inc., 1997

Description: This simple trading system trades depending on market price of first 2 hours of previous day.

Inputs: BEGINCH - The beginning of 2 hour channel ENDCH - The finishing of 2 hours channel

INPUT:
BEGINCH(SESS1STARTTIME),
ENDCH(1300); 
{ 1300 IS AN EXAMPLE }

VARS:
CH(H),
CL(L);

IF TIME = BEGINCH + BARINTERVAL THEN BEGIN

     CH = H;

     CL = L;

END;

IF TIME >= BEGINCH AND TIME <= ENDCH THEN BEGIN

     IF H > CH THEN CH = H;

     IF L < CL THEN CL = L;

END;

IF TIME > ENDCH AND DATE = DATE TOMORROW THEN BUY NEXT BAR AT CH STOP;

IF TIME > ENDCH AND DATE = DATE TOMORROW THEN SELL NEXT BAR AT CL STOP;